The New Year is traditionally a time of renewal and revision. We stay up late on December 31 to drink champagne and kiss the one we love-all in celebration of the fact that we have been granted a fresh start. Many of us make resolutions to do things a little differently this time around-whether that means exercising more, shopping less, or spending extra time with our children. Yes, the New Year is like a metaphorical reset button for life, one that inspires us to keep the aspects of life that are working, and adjust the aspects that aren't.
The idea of renewal and revision also applies to insurance, and the New Year is the perfect time for Virginia policyholders to examine their policies and look for any discounts that may apply. Your needs may have changed since 2011, and it's important to assess whether or not your policy still meets them. You certainly want to keep yourself protected, but you may need to revise the specifics of that protection. And you may find ways to save more money in the coming year as well.
Here are just a few reasons you may need to change your coverage in the New Year:
Holiday Gifts - Were you presented with some treasures this holiday season? Items of value-be it monetary or sentimental-that you'd like to protect? Fine jewelry, art, antiques, collectibles, firearms, big ticket electronics, and some other items all require coverage in the event that they are lost, stolen, or damaged. You can add such coverage onto your existing policy.
Life Insurance Beneficiary Designations - Review the beneficiary designations you made for your life insurance, and make sure you are still comfortable with your choices. Morbid though it may seem, none of us knows for certain if we are going to make it another year. This is a good time to make changes if you feel that it's necessary.
Change of Residence - Perhaps you moved in the previous year, or will move in 2012. Make sure to change your homeowners' or renters' insurance policy accordingly, so that it reflects your current residence as well as the items therein.
Pay Annually on Auto Insurance - Now is the right time to change your payment plan. If you pay your auto insurance premium in one annual payment, you may reduce your expense. Consider talking to Robins Insurance about arranging this type of payment option around the first of the year.
New or Changing Enterprise - If you started a business in the previous year or plan to launch one in 2012, you will need to make sure that you have the right type of business insurance. Similarly, if your business has gone through any changes, this is the ideal time to adjust your coverage accordingly.
Empty Nest - Have your children grown up and left home in the last year? If they aren't driving the family car anymore, you can remove them from your auto insurance policy. Similarly, if they've moved valuables out of the house, you can remove those from your homeowners' insurance policy.
Call or contact Robins Insurance about making revisions to your policy that reflect your life in the New Year. And make it a habit to assess your policy at every New Year to come. Here's hoping you celebrate many more!